Cost of living help
Find more information about help with the cost of living crisis.
The Bank of England has warned people to prepare for the cost-of-living crisis going forward. The cost of every day items is increasing, along with fuel and energy costs. This can be a worrying time, but we are here to help when you need us. Here’s what’s happening:
- Energy companies can impose up to a 54% cost increase from April.
- You may see a rise in your Council tax bill.
- Employees will incur a 1.25% increase in National Insurance contributions.
- For some time now, fuel costs at the pumps have been increasing.
- Food and grocery prices are also rising.
The Government has stepped in to help alleviate some of the forthcoming issues with Council tax and Energy bill rebates.
All domestic electricity customers will get £200 off their energy bills from October. This will need to be repaid and will be automatically recovered from people’s bills in equal £40 instalments over the next five years. This will begin from 2023, when global wholesale gas prices are expected to come down.
Households in England, which are in council tax bands A-D, will receive a £150 rebate. The rebate to bills will be made directly by local authorities from April. This will not need to be repaid. (does not apply to those in receipt of Council Tax benefit).
You can find out more here: https://www.gov.uk/government/news/millions-to-receive-350-boost-to-help-with-rising-energy-costs
If you are struggling and need to speak with us, please contact your Rent Income Officer.